Looks like the talking head might be right. Current price is $52 and falling.Some talking head on Bloomberg was predicting it going down to a $40 level. Not sure if he was mainly focused on fundamentals. It's connected to AI so who knows where it might actually go.
Gotta get past the shutdown nonsense.Stocks going into the dumps again. I bailed out of RTX and bought some AMZN.
Rates probably going to increase for another 6 months. Seems like locking into a CD/GIC eqrly next year for 1 year would be a good move, I think the fed rate starts dropping mid next year.
I personally found my old job's ESPP a waste of time. Marginal discount (5%), a flat $40 per sale fee, no look back provision (purchase price was always the average price on 2/28, 5/31, 8/31, and 11/30, less the discount), and it took them 3 weeks to issue the stock after the purchase date, so taking a "maxing and selling immediately" approach had some substantial short term price risks.Our corporate stock is super low, I think I might bump my ESPP contribution to the max. Good time to buy more.
I personally found my old job's ESPP a waste of time. Marginal discount (5%), a flat $40 per sale fee, no look back provision (purchase price was always the average price on 2/28, 5/31, 8/31, and 11/30, less the discount), and it took them 3 weeks to issue the stock after the purchase date, so taking a "maxing and selling immediately" approach had some substantial short term price risks.
Plus, it was somewhat risky to put so many eggs in the basket of my employer. After all, they were also the source of my salary, so if this S&P 500 company were to tank and have layoffs, I'd be out my salary and my savings in the ESPP would be worth far less.
You don't have to pick stocks to be a winner. Just find a total market, low cost index fund or two to cover the major players (US, Domestic, International), and you'll do fine. I've made good returns with that strategy. I have neither the time nor the patience to do any sort of due diligence on individual companies to try and pick winners and losers.Yeah I see what you mean about all eggs in one basket, but I suck at picking stocks/investments and this one has historically been good so always use it. It's for shorter term stuff though. I'll cash out every couple years to buy big ticket items.
Being an ISP I don't see it going anywhere, then again that's what people said back when our ESP was Nortel stock... lol.
You don't have to pick stocks to be a winner. Just find a total market, low cost index fund or two to cover the major players (US, Domestic, International), and you'll do fine. I've made good returns with that strategy. I have neither the time nor the patience to do any sort of due diligence on individual companies to try and pick winners and losers.
Thats what I though about LUMN, VZ and T, but man have those been losers.Being an ISP I don't see it going anywhere, then again that's what people said back when our ESP was Nortel stock... lol.
Apparently, Vanguard has a Canadian division. They don't really have many mutual funds, but you can buy ETF versions instead: https://www.vanguard.ca/en/investor...tf&managementStyle=passive&selectedFilter=etfEven that I don't really know much about. I'm not even sure HOW to buy index funds, or what to look for etc. I'd have to try to take the time to figure it out, but not like I have much money left over anyway after expenses so I mostly stick with the ESP now days. I have some other stocks I'm sitting on but have not bought in a while.
Most extra money now days I just invest into my property anyway. Next time I cash out some of my ESPP it will probably be for a septic tank install.
Damn we get lowest price on a 2-year lookback plus 15% discount. Capped contributions at 10% of gross. I max that shit. Also get RSU grants as performance award.I personally found my old job's ESPP a waste of time. Marginal discount (5%), a flat $40 per sale fee, no look back provision (purchase price was always the average price on 2/28, 5/31, 8/31, and 11/30, less the discount), and it took them 3 weeks to issue the stock after the purchase date, so taking a "maxing and selling immediately" approach had some substantial short term price risks.
Plus, it was somewhat risky to put so many eggs in the basket of my employer. After all, they were also the source of my salary, so if this S&P 500 company were to tank and have layoffs, I'd be out my salary and my savings in the ESPP would be worth far less.
Yeah, mine was mostly garbage. I put like ~1-3% in over a year or so just for kicks and made a little bit of money, but overall not worth it at all. I was actually going to discontinue my contributions to it (but then I just found a new job instead that paid more). I wish it had a look-back provision, even if only for the previous quarter, but the holding company "needs" its money (which it already generally gets in spades, with 25-35% profit margins from agencies).Damn we get lowest price on a 2-year lookback plus 15% discount. Capped contributions at 10% of gross. I max that shit. Also get RSU grants as performance award.
Retail investors have a well-established track record of destroying their own wealth. Studies have shown that individual traders somehow have the opposite of skill — they manage to do worse than they would by picking stocks at random.
Why? Investing is hard, and there is a lot of competition. There are thousands of actively managed mutual funds. Do you think the average golfer would have a chance against Tiger Woods in his prime?
Ask any finance professor and you’ll get the same boring answer: The best way for most people to invest in the long term is to hold a diversified portfolio of stocks. Admittedly, a movie about a bunch of ordinary people gradually building wealth through prudent financial decisions would be the world’s most boring movie. Boring, but also not dumb.
Over the long term, yes, buy and hold index funds work for most. But whats the fun in that?Opinion | ‘Dumb Money’ Exposes the Baffling Allure of Bad Investment Advice
Pegged to the movie “Dumb Money,” a discussion of the growing stupidity in the stock market.www.nytimes.com
A gift article for y'all that seems particularly prudent for this thread on retail investors' ability to pick individual winners and losers.
Nothing wrong with a little gambling, just recognize your gambling for what it is.Over the long term, yes, buy and hold index funds work for most. But whats the fun in that?
Capital gains! Capital gains are the funOver the long term, yes, buy and hold index funds work for most. But whats the fun in that?
I keep hoping I get lucky like my uncle did with gold related stocks, but yeah not happening so far. He ended up making a million dollars off a stock years back. Gave us all 1k to share some of the money he made.Betting on Canadian juniors is a risky business.